Business for Sale Overview:
The March Group currently represents a long-running and highly successful agri-business, boasting 14,000 acres under cultivation and lucrative contracts with one of the most prominent food processors in the world. Projected 2009 revenue growth of 26% to $44 million plus, stellar EBITDA margins, and exciting prospects for continued success into the future make this Company is a prime target for an investor. Principally a potato production operation (90% of sales in 2008); the balance of revenue is generated by custom farming services (9%) and sales of specialty crops to local food processors (1%). Gross revenue per acre averages between $3,500 and $3,900, versus an industry average of only $2,000. Well-run operation counts on an established and effective management team that oversees a year-round, full-time staff of 60 plus 50 seasonal production employees. The active principals would be willing to remain at least for an extended transition period. In full compliance with local, state, and federal EPA, OSHA, EEOC, and Department of Labor regulations, as confirmed by a recent audit.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Farms a combined 14,000 acres located across a number of counties, which mitigates the risk associated with regional variability of volatile weather. Land is irrigated from a water table that is under very little threat of depletion. Properties feature continuously monitored, temperature-controlled storage facilities.
Market Competition and Expansion:
For a strategic buyer, the Company offers an excellent diversification opportunity into an agricultural environment with few urbanization, weather or water resource threats. For a financial buyer, the Company offers strong growth opportunities that can be readily tapped or a strong steady cash flow portfolio addition through maintenance of their existing operations.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.